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V O L . X X V N O. X M AY 1 3 , 2 0 1 9 12 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E N O T E W O R T H Y M I D C O A S T & D O W N E A S T Maine Community Foundation's Maine Land Conservation Fund awarded $93,000 in grants to 14 organizations to support conservation projects across Maine. In addition, the Rose and Samuel Rudman Library Trust of the foundation awarded grants totaling $22,363 to 30 librar- ies in Aroostook, Hancock, Knox, Penobscot, Piscataquis, Waldo and Washington counties. Sweetgrass Farm Winery and Distillery in Union said it will open a tasting room and retail store in Kennebunk's Maine Art Hill, at 5 Chase Hill Road. Camden National Corp., owner of Camden National Bank, reported a record for net income for the first quarter of 2019 of $14.3 million and diluted earnings per share of 91 cents, representing increases over the first quarter of 2018 of 11%. The company's return on average assets was 1.33% and return on average equity was 13.13% for the first quar- ter of 2019. UMaine and national lab launch $20M R&D venture e University of Maine and the U.S. Department of Energy's Oak Ridge National Laboratory announced a new research collabora- tion to advance efforts to use wood fiber in 3D printer manufacturing. e $20 million initiative is seen as a promising new technology with strong potential to create a new market for Maine's $8.5 billion for- est products industry. Under the partnership, the Oak Ridge and UMaine research team will work with the forest products industry to produce new bio-based materials that will be conducive to 3D printing a variety of projects ranging from boat hull molds, shelters, building components, tooling for composites and wind blades. e collabora- tive research also will position the industry to print large structur- ally demanding systems, such as boats, according to a news release announcing the initiative. N O T E W O R T H Y N O R T H E R N & E A S T E R N Katahdin Bankshares Corp., parent company of Katahdin Trust Co. in Houlton, announced first-quarter earnings of $1.85 million, or 49 cents per common share. First quarter earnings exceeded 2018 first quarter earnings by $212,000, or 13.0%. The bank firm paid a quarterly dividend of 11.25 cents per share in the first quarter 2019, representing a 4.65% increase over last year's first quarter dividend. U.S. Sens. Susan Collins and Angus King announced that the U.S. Department of Justice award- ed $717,102 to the Houlton Band of Maliseet Indians to enhance existing services to victims of do- mestic violence, sexual violence, dating violence, stalking and sex trafficking provided by the Maliseet Domestic and Sexual Violence Advocacy Center. University of Maine at Presque Isle broke ground on its state- of-the art, four-season Teaching and Research Greenhouse. The project, a $935,000, 2,400-square- foot structure to be located in a spot adjacent to Gentile Hall and close to the campus's year-round composting site, will include two climate-controlled research labs, a teaching classroom and a faculty office for the Dr. Robert Vinton Akeley Chair of Agricultural Science and Agribusiness. University of Maine in Orono and Oak Ridge National Laboratory in Oak Ridge, Tenn. announced a $20 million 3D printing manufac- turing partnership, funded by U.S. Department of Energy's Advanced Manufacturing Office, to strengthen regional manufacturing by connect- ing university–industry clusters with the Manufacturing Demonstration Facility at the laboratory. Records Management Center, a Bangor-based provider of data stor- age, document scanning, and secure document and e-media destruction services, has announced the ac- quisition of Aroostook Shredding of Presque Isle, effective May 1. It will operate under the Records Management Center name. BATH SAVINGS TRUST COMPANY IS A WHOLLY-OWNED SUBSIDIARY OF BATH SAVINGS INSTITUTION. INVESTMENT PRODUCTS ARE NOT INSURED BY THE FDIC, ARE NOT DEPOSITS OR OBLIGATIONS OF THE BANK, AND ARE NOT GUARANTEED BY THE BANK. INVESTMENT PRODUCTS ARE SUBJECT TO INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS. If you can't see yourself here, come see us. 1-866-670-7517 bathsavings.com N O R T H E R N & E A S T E R N

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